Quantchabot has detected a new Bull Call Spread trade opportunity for ALCOA (AA) for the 17-Jul-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
AA was recently trading at $75.62 and has an implied volatility of 60.87% for this period. Based on an analysis of the options available for AA expiring on 17-Jul-2026, there is a 34.17% likelihood that the underlying will close within the analyzed range of $76.02-$95.35 at expiration. In this scenario, the average linear return for the trade would be 13.36%.
52 week high: ALCOA recently reached a new 52-week high at $75.75. AA had traded in the range $25.83-$75.70 over the past year.
Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if AA maintains its current direction and does not revert back to pricing on the bearish side of $75.62 on 17-Jul-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if ALCOA closes at or above $72.45 on 17-Jul-2026. Based on our risk-neutral analysis, there is a 58.42% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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